Company Scott, Young and Johnson is a Glasgow company that manufactures heavy metal girders. The company is

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Company Scott, Young and Johnson is a Glasgow company that manufactures heavy metal girders. The company is currently paying a dividend of £2.50 per year. The dividends are expected to grow at a rate of 10% for the next 3 years and at a constant rate of 6% thereafter.

Calculate the expected dividend per share in year 5.

a. £2.59

b. £3.74

c. £4.85

d. £5.50

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